Press release
New offerings help customers manage downturn and thrive in recovery
PALO ALTO, Calif., March 10, 2009. HP today announced new products, solutions and services that enable organizations to address the short-term cost reductions required by today's challenging economy, while laying the groundwork to exit the downturn stronger and more competitive.
Economic downturns can more than double the likelihood that a business significantly changes its industry ranking, and those that make it into the top quartile during a downturn typically sustain their market premium for an average of three years.(1)
Technology plays a major role in determining an organization's success before, during and after a downturn. In a 2007 survey, 99 percent of chief executive officers said technology is integral to the success of their companies.(2) Additionally, in a new global study, 38 percent of respondents indicated they see the current economic climate as an opportunity to restructure their technology environments for the future.(3)
"Winning CIOs are focused on both strategic cost reductions and supporting long-term business growth," said Ann Livermore, executive vice president, Technology Solutions Group, HP. "It's not about spending more: best-in-class IT organizations spend about half as much as the average company on technology as a percentage of revenue. Instead, they strategically spend and prioritize technology investments. HP offers an unprecedented range of solutions to help organizations emerge stronger when the economy recovers."
HP's new hardware, software and services allow organizations to change how they produce, distribute and consume technology resources by:
- Standardizing, optimizing and automating technology to deliver short-term cost reductions;
- Prioritizing new technology investments based on business value; and
- Adopting flexible sourcing options to keep critical projects running and align costs to actual use.
Standardize, optimize and automate
New HP StorageWorks Storage-Area Network (SAN) Virtualization Solutions help customers simplify the provisioning, management and optimization of virtualized server and storage environments. The new HP StorageWorks Enterprise Virtual Array 6400 and 8400 (EVA6400 and EVA8400) cut storage administration costs by up to 50 percent.(4)
The enhanced HP SAN Virtualization Services Platform 2.1 (SVSP 2.1) is a network-based storage virtualization solution that increases available storage capacity. It also streamlines storage operations by reducing the time required for migration, replication, backup and bringing new applications into production. Solutions like the SVSP 2.1 allow customers to reduce storage acquisition costs by up to 50 percent, according to market research firm IDC.(5)
Enhanced HP Data Protector software and services provide one data protection solution for all physical and virtual environments. HP Data Protector is easy to use, provides a wide variety of backup options and supports de-duplication and other backup services. This is the industry's most comprehensive protection for virtual environments and flexible data reduction options, delivering up to 70 percent cost savings.(6)